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. and today worries about supplies sent energy prices rising. oil jumps 2.3%, not a huge price, but enough that you might see a bit of an increase in gasoline and home-heating prices in the next ten days or so. the effect was more dramatic on natural gas prices in europe. america's natural gas is.com nesticly produced so the u.s. is not effected directly by prices in europe. but a sharp and sustained prize in energy prices in europe would raise the unlikely but scary possibility of europe's fragile economy being pushed back into recession that could deal a direct blow to u.s. companies, investors and consumers. calls for sanctions are increasing. sanctions worked against libya and iran, but russia is closely tied to europe through those pipelines that carry crucial natural gas, so while the idea may appeal to americans, they are a harder sell in europe. the european union gets a quarter of its natural gas supplies from russia and half of that is routed through ukraine's pipeline network. any disruption would hit germany which defends on the gas to run its factories, especially hard. and if
at kiev business school and from washington, mihala acting director of the council's energy and environment program. jacob, is there much in the way of economic leverage at the u.s. holds in russia? >> cared to the e.u. in my opinion no. you like in europe, for instance, you could move to targeted freezes because a lot of russian least similar to what the former ukraine cocaine leadership had in europe, they had money inside the e.u. and that could be frozen. they don't have as far as i know much money in the u.s. so no, there isn't much. >> how is russia enmeshed in the economy of e.u. and europe more broadly? >> indeed, but the point is that the current situation isn't purely economic. when speaking just about the economy, western countries, european countries are interested in keeping close ties to russia in importing russian gas and exporting technology and investing into huge russian potential. but at the moment since last week we have geopolitical military situation and it prevails on economic. that is why european leaders change their minds and their statement become
by the russians, it has become more of a geopolitical issue. in that sense it raises the stakes in both energy prices and other risks. we might see energy prices go up. a good chunk of europe's gas supply come from russia. and if that is at risk, they could be cut off. >> when we talk about emerging markets many include russia in places where you can invest and get a very high return. iin the risk of that country suffers, they may pull back from the united states. we're talking about crimea who are holding a referendum for greater autonomy. it's a greater impact. i don't think the impact will be that great. >> there is the ethical, moral issues involved whether or not they should help the ukraine. but as far as the economic connection, you think its simpler? >> i think if the intention thes flare-up between russia and u.s. and they're start to go, and they're pushed into a corner by the u.s. and aid by the european union, there could be an impact on the global energy crisis. >> let me ask you a question. we mentioned last month china with that bad economic report and then run on currency, peop
the east of core ukraina lot of russian speakers there, fireworks in terms of energy prices in terms terms of energy prices in europe. >> europe depends on the infrastructure, tried to diversify a way away from russian energy, through the cast pecaspea sea. >> because the domestic supplies from these critical producers are dhoining, that really -- declining that really the pipeline supplies at a will be available for europe will be -- that will be available will be largely from russian gas. >> european leaders understand that, that's why they are calling for dialogue with, not sanctions against, russia. ali velshi, al jazeera. >> warren hogue, and from providence, rhode island, thomas nichols, professor of national security affairs. gentlemen, welcome. >> thank you. >> warren, let me start with you if i might. angela merkel suggested that the russian president is out of touch with reality tonight. is that just rhetoric or they have just lost control? >> i think what she said was he was from a different planet. i think exactly he is from a different planet. the russians view this differentl
. it is a loan guarantee. it still needs approval by congress. it would help cover some of the energy costs in the ukraine, because they would be losing probably the energy subsidies they get from russia. they are also talking about sending technical advisors in a whole host of areas first to work with the central bank and finance ministry, also to train election monitors, there is the hope there could be an election in may in ukraine. and the hope is that the u.s. can train monitors to ensure that is a free and fair election. and they also want to send technical advisors to help ukraine identify and recover any stolen assets we have heard about president yanukovych and the oligark, spirit billions of dollars out of the country. the administration has been saying that it has a wide host of sanctions that it can consider. they would be done through presidential executive order. they have already taken some diplomatic steps. they have pulled back on preparations for the g-8 summit. they have canceled trade talks. and what they are talking about as far as further sanctions could be the freezin
the world. >>ali, shock wave to the energy prices? >> yes, oil prices, that is global, that rose 2%, $105s a barrel now and we are going to feel that at the pumps and the price natural gas in germany and uk jumped 10%. germany is an industrial power house and depends on natural gas for electricity and call coming from russia, 40% of the the natural gas coming from russia through the ukraine and that is not good news. this is not affecting u.s. natural gas. we don't want to see russia pushing europe back into a recession because we all know that hitting us all. >> what other aspects are you looking at? >> i am looking at a guy that bidding plumbing and manufacturing parts and he exports them and invests in a factory operation in crimea, and he's doing this for a while and i am going to talk to him about affecting his business so we are connected. >> thank you, ali and thank you. we have a response to the ukrainian crisis on social media. >> ukrainians are going online and expressing their feelings on what is happening in their crime. a woman is saying she wants peace, not war and take a loo
issues. this is the energy department's largest clean up anywhere in the united states. trying to take those 56 million-gallons of radioactive sludge that were in underground tanks. they are trying to turn that into solid glass. it is a massive project. how does this work? >> well the 17 self-tanks are distributed over quite a few square miles with an intricate net of pumps and pipes. when it is pumped to facility that i was previously supporting, we would then treat that waste chemically to get some of the more dangerous constituents out of it and then after we had treated it chemically we would put it into a melter with glass heat it up to high temperatures. >> the tanks that were underground were beginning to leak. they were old and the danger was some of them were fairly close to the colombia river and there is fear that somehow some of that radioactive material could get into the river. >> it is a fear based on reality. the single shell tanks which were actually decommissioned in the 40s and 50s, those tanks are known to have been leaking into the environment for years. we have co
. the department of energy opened the facility in 1999, to house the by-product of nuclear weapons. it has hazmat gloves, suits, and is supposed to entomb the materials for 10,000 years. that is until the year 11,999 ad. if, as reports reports suggest, the place has failed, that means it failed before it reached a quarter of 1% of its life span. i spoke with an academic, and he described a warren of panels. at the end of the horizontal shafts in the rooms the size of a football field, barrels of radioactive trash sits on pallets. over the cores of years, they are supposed to collapse. it's not clear how radiation might have gotten loose. the site was chosen for geological stability. it makes for a handy material. there's no groundwater to speak of in next coe. as described to me, there is a tremendous amount of monitoring equipment, the workers are in close proximity and would be exposed if there was a leak. this is a unique facility. nowhere else in the world is there a permanent resting place. a deep repository. this is a place where the planning and resources were gathered in one place and bro
increase in energy prices which there already seems to. it's not as though their customers in europe can stop buying energy because they're unhappy with what is happening in ukraine. i'm not sure that it hurts russia all that much. >> earlier it was looking like anti-government protesters had the upper hand. we had yanukovych on the run. we had tymoshenko released from prison. but does this show us now that progress was not necessarily a win? >> absolutely. and i think that's the real missing story here that has not been adequately covered. what is the legally elected president of ukraine, mr. yanukovych, who is now taking refuge in russia and still claims to be the legal president, some how you could have a street demonstrators including some very violent armed people drive the president out of the capitol and say, okay, we win now, you lose. you have to accept this. the russians are saying, um, no, we don't. we have cards to play here, too. we don't recognize this government or so-called government in kiev which frankly doesn't even control kiev. the people on the streets say if they a
and energy. with an infrastructure bank they would solicit money from the private sector and guarantee loans, it's a joint public private model used by many, smacking of socialism to republicans in congress. america continues to suffer because of a lack of leadership on the issue. the concept of that national infrastructure bank is not new, but proposals to create one are gauging traction among lawmakers. we are spoke to the think tank focussed on public policy, asking why is it a good idea to turn the idea into reality. >> we have invested for too long in infrastructure, and as a result we see tension between the need to expand the system to meet increased demand, growing population, trade. governors and state departments face a paradox of needing to invest in the old system to ensure it's in a state of good repair and making critical new investments to grow the economy and provide opportunities for the citizens. >> i guess the issue is if you don't have the money to start with you are not maintenance, you can't get your head around the new stuff. i guess the al-qaeda any is if you don't ha
, there could be fireworks in terms of energy prices. >> europe depends on natural gas and pipes that brings in through russia and the ukraine. europe tried to diverse vi away by investing in pipelines to the caspian see and north africa. growth in europe's demand for the natural gas eats up much of the new participation supply. >> europe is primarily pipeline gas market. because the domestic supplies from the critical producers are declining, that really the pipeline supplies that will be available for europe will be largely from russian gas. >> european leaders understand this, and are calling for dialogue with, not sanctions against russia. >> the threat of economic sanctions is taking a toll on russian's currency, hitting a record low on monday. >> the murder trial of former olympic blade runner oscar pistorius is under way. oscar pistorius is accused of the valentine's day 2013 shooting of his girlfriend model reeva steenkamp. the first witness told the court she heard a woman's blood cu curdling screams, and then gunfire. oscar pistorius said he mistook his girlfriend for a burglar. >>
that 70% are in the energy sector. what is mercury is where youth will come from since russia has an aging population with many young people choosing to live someplace else. one of the biggest threats investors fleeing the country. already, investments in russia fell by 7%. people view the administration, and this is a fairly rash strategy. and i think the risk is that we see western sanctions and that could undermine again, the willingness of companies and western investors to put money in russia. >> the big question now is what effect it will have on the region. al jazeera. we will tell you what they are doing to keep the business easy safe. >> in new orleans, it is mardi gras, and they are right in the thick of fat tuesday, lyle every year today's party plans to be huge. 1 million people set to join parades for miles across the city. ben lemons is live around those routs and police ever get used to handling this type of crowd? >> they ever kind of used to it. when people think about new orleans, they think about the french quarter, but this encapsulated the entire city, and it is a toug
on for weeks and 18 people have died. venezuela is rich in energy but poor in necessities like milk. david will help explain the sometimes complex relationship between our two countries. >> david? >> this is venezuela's largest port city. we have refineries behind us and it's areas like these that are critical to venezuela's future. the influence in the region is wielded through petroleum. we talk about protests. we talk about high stakes in region where there is much natural gas and much crude oil. this is in many ways is why what happens in venezuela is so important. oil. venezuela is the fourth largest supplier of crude oil to the united states behind canada, saudi arabia and mexico, and has the largest reverse in th resere world. but because it does not have an refineries an unlikely partnership has emerged from the united states and this south american nation. >> years ago even under hue go chavez, when he's talking about our being the devil or some of these rhetorical positions, the bottom line is that the united states is the closest largest market for venezuelan oil. >> and the u.
? >> yes, some of them will work, there's no question about that. it's just a question of how much energy is going to be put into the device to get it to work. what's going to be the most energy efficient way to do this, because remember, we have to get the craft up there that's going to do the work, we have to give it capability to maneuver around in space. once the technology that's going to be used to remove something from orbit, one of the ideas of attaching a tether so it builds friction and pulls the object down is not such a bad idea, because it doesn't require a lot of material to do that. if you could just push something out of orbit, that might not be a bad idea, because it may not require a large energy budget to make that work. you keep the expenses down in energy and materials and get the job done, it's just that those methods are slow and there's a lot of material that needs to be cleaned up. if there was a faster way to do it, that might be better. >> boy, that's certainly a big problem. nasa's budget was just announced or at least what they're hoping for the budget the nex
things for art. >> i don't put any energy into being a success. my strategy is to wait for something from heaven. >> i'm a guy who dug this. >> this is incredible. >> i had ideas for ages that i've never gotten to try. i want to create a stays that transforming. >> jeffrey join us from los angeles. the film's director and producer. jeffrey, good to have you with us. you followed him and he built these incredible artistic caves. he does it all by hand. he doesn't use power tools. he does it all by himself. >> he starts with a mountainside. there is a particular material that he can work in that has a combination of a malible i wil o it, and he can recognize this material. and he can see from the outside of the mountain the shape inside. and he starts digging in one direction and creates these cathedral like spaces over the course of months or years. >> one of the caves that he has finished has book shelves, doors and all sorts of details. how livable are the spaces? >> that one is the most livable of the caves that he's created. it is also wired for electricity and it has internal plumbing
for himself. he does things for art. >> i don't put any energy into being a success in the world. my strategy is to wait for something from heaven. >> hi, i'm the guy that dug the cave. >> i've had ideas for ages that i've never gotten to try. i want to create a space that's transformative. >> jeffrey, good to have you with us. >> thank you for having me. >> you follow raul paulette as he creates these caves, he does it all by himself. can you describe his work for people who haven't seen the film? >> well, he starts with a mountain side. there's a particular material that he can work in that has the combination of a malleablity to it and also a firmness so that it will keep its shape. and he can recognize this material. and he can see from the outside of the mountain the shape inside. and he starts digging in one direction and creates these cathedral hike spaces over the course of months or years. >> and one of the caves he has finished has bookshelves and doors and all sorts of details. how livable are the spaces? >> that one is the probably the most livable of the caves that he's created.
.com. >>> the power of oil and gas, russia is a big energy supplier to europe, and that has global suppliers worried. we'll talk to ali velshi about that. >>> discussions at the white house between the leaders of israel and the united states. >>> an emergency session today at the white house. john terrett is life. the russians called this meeting. what were they trying to achieve? >> this was the third meeting in four days at the united nations security council. they have been talking only about ukraine and specifically about crimea. the russians called this meeting, and they wanted to put moscow's point of view to the rest of the world to explain what they really feel of the country of ukraine and the region of crimea. the long-standing ambassador to the united nations, read a letter which he said came from viktor yanukovych who was moscow's man until a couple of weeks ago, and called for russian forces to intervene in ukraine to save the country. afterwards they came out and read threater again. >> the country is in the grip of outright terror and violence driven by the west. in this context i app
,000,000,000 in energy subsidies to the ukraine because those subsidies are likely to be taken away because of an imf package. there is a real fear of what an imf loan package means, a structural adjustment package, huge cuts to the poorest in society to the sort we saw in greece and elsewhere, future unrest and the u.s. is quite a wear that when countries go down the road of imf loans, you can get even more unrest. another interesting thing about that energy subsidy is a lot of that money is going to end up in moscow because it's moscow who sells much of ukraine its fuel. in washington, they are quite a wear they are giving potentially a billion dollars to moscow. >> just how far is the u.s. supposed to go in supporting ukraine? at what point is it going to run up against opposition in congress? >> there is a lot of -- a lot of support for financial aid and financial loans to ukraine. however, the senate majority leader, harry reid said let's keep an idea on what europe wants. this is mainly a european issue. if europe isn't all for sanctions -- and they are not because they are scared of losing al
, traders bid the price of crude oil up and that price shows up in higher gasoline prices and energy costs, and that's what hits americans. >> that ultimately whether you feel it directly or not has an impact on economic growth as a whole. what is your general sense as we're going into 2014, what is your general sense of how we're equipped in the united states to deal with economic shock? is this going to look like a year where things settle down? we've seen housing numbers were strong in 2013. but we're not sure how it will do in 2014. >> venezuela, brazil, chile argentina are all part of the developing country world, the emerging markets. there are large number of them that we think russia has got problems, turkey is in similar situation to argentina and venezuela politically and economically, and in a couple of countries in asia are affected as well. that effects investments. so all together about 15% of global gdp can get dented by worsening situations in the countries that i've named. and that's enough to dent global growth to interfere and be a pediment to stronger global and u.s. ec
in 2011 establishing a bank that leverages private funds for transportation, water and energy. with an infrastructure bank the federal government would identify big projects in the public interest visit mon from the private sector and guarantee the loan it's a joint public private model used by many countries around the world but smacks too much of the socialism to many republicans in congress. in the meantime american continues to sufferer because i've lack of leadership on this issue you. a concept of a national infrastructure bank isn't new but pro* proposals to create one are gaining traction among law makers, am see spoke with kevin from the center of american progress a progressive think tank focused on policy and asked why now is a good time to turn the idea in a reality. >> for far too long we have under invested in infrastructure and as a result of that, we see this tension between the need to expand our system to meet increased travel demand, growing population, increased international trade, and so governors and many state departments and transportation face a parad
program and washington said it should be allowed to produce energy. mr. obama will hold a similar meeting with the president in two weeks. orthodox jews were in west jerusalem over the weekend. they were protesting a law being debated in the israeli parliament with men to be drafted into military service and orthodox jews have been exempt and they want to keep it that way. >> it's important to tell the state of isreal that we are opposed to their political philosophies that we feel that the contribution that the elements of society are making will help the army and through our contributions and the religious spectrum we are arm and arm with the army, helping the state of israel. >> reporter: the new legislation is expected to pass in the next few weeks. ultra orthodox jews makeup 10% of israel's population. a california state lawmaker facing corruption charges says he is taking a paid leave of absence and he is accused of accepting about 100,000 in bribes including meals and golf games in exchange for his political influence. he is pleading not guilty. and he is the second california sta
going to they have to. the other critical part of the e.u. russian relation is energy supplies many european states are dependent on gas imports. germany leading this idea of toning down the rhetoric. it relies on russian gas supply for a third of its total supply. you could understand there is a reluctance to push forward, and i don't think we'll see that in the final statement. >> thank you. we'll have more on the unfolding crisis later in the news hour, including a look at why the crimeaen peninsula is so crucial, and why russia and ukraine are at logger heads. >> we're just getting breaking news. this is the developing story out of ukraine. we're being told this is news coming out of the headquarters of the ukrainian navy, and moscow has reportedly asked ukrainukrainian forces to lay dn their arms. we will be bringing you the latest on that story as it develops, and as we get the information. in the middle east let's move on to other stories now, and the united nations says fighting has started again in the palestinian refugee camp in damascus. there had been a truce between tha
for the world? >> i think the report they released today is excellent. a lot of time and energy goes into it. i think the trends are right. in a number of countries you have growing activism. and they are taking to the streets or the blogs or trying to communicate through the press. and governments are cracking down. so i think the attack on civil society, is one of the trends that they rightly highlighted in the state department report. >> did you see areas that they either missed or you disagreed with their interpretation on? >> which is something they led when he was assistant secretary. therefore, however, some gaps. housing rights is not included and very recently, hundreds of egyptians has been kicked out, and this pattern happens in many countries around the world. another example is the broader issue of how this report informs u.s. foreign policy. once it has criticized them in the report. >> catlin in many places it's become dangerous, complicated to be a reporter. was 23 a bad year? >> i think it follows on the trends we have seen. the freedom has seen decline in the level of global a
she's not alone. >> hopefully put good energy. >> this club has been around for more than a year and several dozen former members are now working. >> how job clubs can help you, log onto our website, aljazeera.com/realmoney. >>> milmill millennials, writtey a millennial. david, why do you think there's so many highly jeacted millennials looking for work? >> the fact that millennials coming out of college are not prepared to fit the needs of the economy. those really trnt kinds of jobs that millennials wand. they want to find meaningful work, they've just gone through this college experience where they have been exploring these ideas and we have a big challenge to fill those jobs and the second piece is that millennials are not willing to take any job they want. this is a generation who say they would rather take a job that pays less that has more social impact than a job where they don't feel they have that kind of impact. they would rather sit it out in some cases than go take that job. good is it possible that the minimum enial generation has some sort of attitude problem? ther
think the report they released today is excellent. lots of time and energy goes into it. i think the trends are right. what i would highlight is that in a number of countries you have a growing activism especially by young people. and they're taking to the streets or taking to the blogs or trying to get their communique to the press, and governments are cracking down on them. i think the attack on civil society, on the press, on the media is one of the trends that they rightly highlighted in the state department report. >> sasanjev, did you see areas that they missed or you disagreed with their interpretation? >> the report over all is very robust and has a lot of important information in it. the state department is applauded to be including internet freedom which i, theree gaps. housing rights is not included, and very recently in cairo, hundreds of egyptians had been kicked out of their homes by the government. this sort of pattern happens in many countries around the world. another example is the broader issue of how this report informs u.s. foreign policy. does the u.s. gover
on russian energy. the u.s. called a halt, but there's a question over existing ties. the u.s. imports $27 billion worth of russian goods and exports $11 billion. the u.s. barack obama is considering sanctions against russian officials, including asset feeses and visa bans. rory challands joins us live from moscow. we are outlining the options. hearing - we have lost the connection to rory. apologies for that. we'll move on for now. not everyone in crimea is happy with russia's increased involvement. we have a report on the fears of the tatar population and their problems with the ethnic russian population. >> this has been the loudest criticism of russia's military take over of the crimea since it began last friday. most of the women are crimean tatars, a well organised educated minority horrified by the intervention. >> i'm afraid. i see that people are afraid. i see the fear in their eyes. we can feel that -- we cann feel that we are safe. >> the edge of town may be a greater place to agitate. >> this is a clear sign that not everyone in crimea thinks that this has been a liberation. in
with russia's politically motivated trade practices, whether it's manipulating the energy supply or banning the -- in ukraine. the fact is this is the 21st century, and we should not see nations step backwards to behave in 19th or 20th century fashion. there are ways to resolve these distances. great nations choose to do that appropriately. the fact is that we believe that there are a set of options available to russia and to all of us that could move us down a road for appropriate diplomacy and appropriate diplomatic engagement. and we invite russia to come to that table and particularly, we invite russia directly with the government of ukraine to work through these issues in a thoughtful way. i'm very proud to be here in ukraine. like so many americans and other people around the world, we have watched with extraordinary awe the power of individuals, unarmed, except with ideas, principles and values, who have reached for freedom, for equality, for opportunity. there's nothing more important in this world. that is what drives change in so many parts of the world today. it's really partly w
's overreliance on energy exports. these two countries are home to plenty of rich people. plenty of billionaires, but that was not always the case. back in 2004 forbes reported that russia had 25 billion narrows and ukraine had none. ten years later forbes said russian has 111 billion narrows and ukraine has nine. the u.s. and china have the world's most billion narrows. all this information and more is in the forbes world billion narrows issue out this week. joining me to talk about those on the list, cary, good to see you. thank you for being with us. >> thank you for having me. >> ologarts suggest a small number of people who control a large part of the economy. >> and in russia and ukraine, you have billionaire ologarts. but not so in other places in the world. >> in america you could be a billionaire and not have an influence on anything but where you spend your money. when you look at some of these unstable economies where two decades ago people were living in troubled times in a centrally controlled economy, how do you end up up with these billion narrows? how did they get there? >> it's
out of his back. all of the n.a.t.o., europe and the united states energy is in the ukraine. >> there could be a downside for president bashar al-assad. he relies on russia's support. the west presses for sanctions against russian tanks and arms manufacturers. that could really hurt. >> the ukraine crisis is likely to overshadow talks in paris between the french, russian and u.s. foreign ministers. they are meeting to discuss ways of helping lebanon to cope. barnaby phillips is in paris and joins us for more on that. how much will events in ukraine and crimea overshadow this? >> i think inevitably they will because the expectation is that john kerry, and sergei lavrov will meet here later in the day. sergei lavrov is still in madrid as we speak. john kerry arrived here from kiev last night. now these would be importantly the first head to head high-level meetings between the united states and russia sips the late -- since the latest phase of the ukrainian crisis erupted. we can't underestimate the importance of that. there's the chance for europe and the united states, the w
manufacturing, energy, exports, american innovation. that's job number one. job number two, training more americans with the skills they need to fill those good jobs. so that our workforce is prepared for the jobs of tomorrow. part three, guaranteeing every
into the future. jobs in high tech manufacturing, energy, exports, american innovation. that's job number one. job number two, training more americans with the skills they need to fill those good jobs. so that our workforce is prepared for the jobs of tomorrow. part three, guaranteeing every young person access to a world class education from pre-k all the way to college education like the one you're getting here that's why over the past five years working with the outstanding congressional delegation from connecticut, we've been able to make sure that grant dollars are going further than before. we're taking on a student loan system that gave tax dollars to the big banks, and we said let's get it to students directly to be able to afford to go to college. that's why we're offering millions of young people the chance to cap their monthly student loan payments at 10% of their income. you need to check that out. go to the website of the department of education and find out how you may be eligible for that. today more young people are earning college degrees than ever before. of course, and i know yo
's a tomb. the department of energy opened it to house the by-products of nuclear weapons, research and production. it's supposed to entomb those materials, transuranic waste for 10,000 years, until the year 11,999 ad. if, as reports suggest, the place failed, it has failed already it reached even a quarter of 1% of its total life span. i spoke with an academic who visited the facility and he described a group of panels, six rooms the size of football fields. at the end barrels of radioactive trash sits on pallets and over the course of 75 years of the ceilings are supposed to collapse, burying the barrels for all time. it's not clear how radiation may have gotten loose. the site was chosen for its geological ability. there's no groundwater. there's salt in the soil. the workers are in close proximity to the radioactive nearly, they'd quickly be exposed. this is a unique facility, nowhere else is there a permanent centralized resting place, a deep geological repost itry. this is a place where the planning and resources the federal government were gathered in one place. unfortunatel
of resources, particularly of energy and very particularly of natural gas. here in the united states we use a lot of natural gas but it's domestically produced. europe saw about a 10% spike in natural gas prices. about 40% of the natural gas schooled in europe comes from russia and goes through appliance that go through the ukraine. europe has been trying to diversify the source of gas supply for quite some time but hasn't been able to do it. russia controls the amount of natural gas that goes into europe. germany has a lot of factories. natural gas is not just for heating, it generates electricity which these factories use. if there was a sustained increase in the price of gas or if russia were to shut down the natural gas flow you would see the real problem in europe which is why europe may not be as keen to impose sanctions on russia as america is. >> worries of retaliation there. ali velshi host of "real money," thanks for being with us. >> okay joie. >> anxiety hit ordinary ukrainians and hard. the local currency is losing value, no bread, no eggs, only expensive imported italian spagh
and drugs and things. i survived and was lucky enough to find a situation where i could butt my energy. i didn't think i was going to be successful in this degree, of course not. >> when you look back what do you think were the things that made you success h. luck? >> a lot of luck. no question luck was a big one. finding one success really matters. for some people that success is an ongoing practice. i learned me my first success resilience and hard work and dedication and not quitting adds up to success, right? so all of my businesses, people think, global grind was not successful for four years, five years, fhat farm took six years for make a penny. my financial service took six years to start becoming profitable. everything takes a long time. and i think resilience and dedication, i learned that from not quiting in music. you need to know that you can't fail until you quick. >> what mistakes have you made? >> i make mistakes every day. >> really? >> i don't try to counts them. if i counted my mistakes -- >> what have been some of the big ones? >> big mistakes. >> very rarely do you fi
investment to fund massive public works across the country in transportation, water and energy. with an infrastructure bank, this has been used in other parts of the world, the federal government would identify big projects, solicit money from the private sector and guarantee the loans required to execute those projects. it's a joint public-private model used by many countries around the world, but smack too much of socialism to many people in congress. in the meantime, america continues to suffer because of lack of leadership on this issue. this idea of creating international bank is not new. but proposals to create one is gaining traction among lawmakers because strong infrastructure boosts productivity, innovation and public well-being. creating a natural infrastructure bank is only part of the solution, kevin, let's talk about that part of the solution. the reason why you said it's part of the solution. you say infrastructure banks are useful for new big projects. if you want to fund the national high rail system or dam, but it's not for maintenance, which you think is the
of energy, saying the employees tested positive after a leak. elevated radiation levels were detected at the plant. authorities say it's too low to be a health threat. >> to ukraine - the leaders of ousted president viktor yanukovych are poised to take the reins. not everyone backed the new leadership. those divisions were clear on the streets of crimea reason, fights between pro-russian demonstrators and the supporters. russia is conducting drills near the bodder. but they say it is not related to what is happening in kiev. any military action would be a grave speak. ukraine's parliament decided whether to approve the interim government. they were announced in kiev. tim friend is in kiev. >> in a freezing independence square, the politicians would be forced to consult the people who believe they have achieved a resolution in ukraine. for those pitching to be part, this is more than symbolic. some cheers and a few cheers for the leader of yulia tymoschenko fathership party. >> translation: it's sufficient. people are united, together. the most important thing is they are engaged in th
's not alone. >> hopefully put some good energy into the world and get something back. >> this club has been around for years and several dozen former members are now working. aljazeera, new york. >> to learn more about job clubs and how they can help you, go to our website aljazeera.com/realmoney. >> in an hour, we'll get the latest reading on economic growth. governments to slash estimates for 2013. consumers cutting back on their spending. the slowdown in the global economy taking its toll on exports. >> the strength in u.s. manufacturing's going to have to come domesticically. we're not going to see exports grow as strongly as the fourth quarter of 2013, putting strain on manufacturing, along with the turn in the u.s. inventory cycle. >> we'll have the gross domestic product report four in our next hour here on aljazeera america. >> wall street is pointing to a lower open ahead of data, dow futures down 22 points. fed chair janet yellen soothing economy concerns yesterday gave stocks a lift, the dow beginning at 16,272, the s&p beginning with a new record high, 1854 and the nasdaq at 431
. the algerian establishment feels any upheaval in the country could throw its major energy supply from europe into turmoil. for now tha algerian president enjoys the establishment. >> still ahead, we get a sneak peak of preparations for the biggest party on earth. fifa has religion covered as now both women and men are allowed to wear headgear. details coming up in sport. >> it is the biggest and most prestigious night on the calendar of the united states. the oscars take place in hollywood on sunday. while fans and celebrities mol over the nominees, a group feels snubbed. >> jack gill has been grown up, beat up, boiled over and flipped out. but one thing he has never gotten was a nomination for an academy award. >> we feel like we're being left out. we feel like there is a big hole in the academy and we should be included in it. it should an no-brainer decision if it happens overnight. >> for decades gill and other stunt actors have been lobbying the academy of motion pictures to create a category of stunt actors. for an earth for make up, sound mixing, many are surprised there is not one fo
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